Whilst accredited as being an old Chinese proverb, this phrase was first used by an influential British statesman, Sir Austin Chamberlain in 1936 referring to the “(G)rave injury to collective security by Germany’s violation of the Treaty of Locarno.” His quote “ It is not so long ago that a member of the Diplomatic Body
“Trade wars are good and easy to win” (Donald Trump, March 2nd, 2018) In 2009, in an effort to slow the growth in imports that the United Steelworkers’ union blamed for thousands of American job losses, President Obama approved a near nine-fold increase, from 4% to 35%, in the US’s tariff on Chinese-manufactured car tyres.
In what many consider will the last of his budget presentations, South Africa’s Finance Minister Malusi Gigaba, who is accused of state capture and rumoured to be one of the cabinet ministers who will soon lose his job, presented a surprising and far better than expected budget. Within that budget, he increased Value Added Tax
Looking back at last week’s long-expected correction (remember trees don’t grow to the sky, much like, markets don’t go up in a straight line forever!), I suspect there are a number of inexperienced market participants who have not only had their egos dented, but also likely to have suffered long-lasting damage to both their capital
Blair Campbell answers questions on the quarterly offshore market report and performance during Q4-2017 and the outlook for Q1 2018. Blair is a member of the MitonOptimal Investment Management team and a member of the MitonOptimal Investment Management Committee. Read the full written quarterly report by Shaun McDade.
There’s plenty of life in the old dog yet! Despite approaching its tenth year, the bull market in equities showed no signs of slowing during the quarter under review, as global indices recorded a succession of all-time highs against a backdrop of healthy corporate earnings growth and favourable economic conditions. Interest rate hikes and reduced